Resources for Perpetual Private Clients

 


Onepath Tax Effective Income Trust.

Managed funds


If your complaint isn't resolved to your satisfaction, you may lodge a complaint:. This notice contains important updating information to the Product Disclosure Statements PDSs listed in this document. The investment manager named in this document has given and not withdrawn their consent to the inclusion in the relevant PDSs of all information referable to them in the form and context in which that information appears.

This information should be read together with the relevant PDS, which is available at bt. If you have any questions, please discuss them with your adviser or contact us. Please note that the information in this notice is factual only and has been prepared without taking account of your objectives, financial situation or needs, so you should consider its appropriateness having regard to these factors before acting on it.

Furthermore, effective 7 May , the below listed Wholesale Plus underlying funds will change their name as listed below, updating all references in their relevant PDS:. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of units in a Fund. An investment in a Fund is not an investment in, deposit with, or other liability of Westpac or any other company in the Westpac Group. An investment in a Fund is subject to investment risk, including possible delays in the payment of withdrawals and loss of income and principal invested.

The information in this document is general information only and does not take into account your objectives, financial situation or needs, so you should consider whether it is appropriate for you having regard to your objectives, financial situation and needs.

This update actually reflects the frequency of distributions paid by the fund to its members currently. Effective from 1 July , indirect costs including any expense recoveries relating to an Underlying Fund into which a Wholesale Plus Fund invests where applicable , will be reflected in the value of the investment in the Underlying Fund, and in turn reflected in the unit price for the relevant Wholesale Plus Fund.

This is in accordance with prior and current disclosure in Product Disclosure Statements for the Wholesale Plus Funds. Going forward, any indirect costs relating to the Underlying Funds will be disclosed as a separate category of costs in the relevant Product Disclosure Statements for the Wholesale Plus Funds dated 1 July The hedges will not be made against the Australian dollar but rather will generally be made against the US dollar.

The portfolio manager of the Underlying Fund does not anticipate hedging to be a permanent feature of the Underlying Fund nor view currency as a primary source of generating returns. This table gives an example of how the fees and costs of the Fund can affect your investment over a one-year period. You should use this table to compare this product with other managed investment products.

The change in investment manager will incur transaction costs within the Fund. The cost incurred will depend on market conditions at the time. Waverton Investment Management Ltd has been appointed as the investment manager of the underlying fund.

The information in the following table replaces the investment objective, investment strategy, investment manager and set out for the Ironbark Waverton Concentrated Global Share Fund previously known as DWS Global Equity Thematic investment option in the 'Investment Option profiles' section on page 37 of the PDS:. The Fund invests into the underlying fund which adopts a high conviction, long-only stock picking approach that invests in listed shares of companies around the globe, which Waverton believe will:.

The change in the Investment Option name is a result of a change in name of the underlying investment manager. There is no change to the investment objective, investment strategy, investment manager or distribution frequency for this Investment Option.

About this update This update outlines the changes in respect of the following effective from 1 July Small differences in both investment performance, and fees and costs, can have a substantial impact on your long-term returns.

You should consider whether the features such as superior investment performance or the provision of better member services justify higher fees and costs. We are required to identify certain US persons in order to meet account information reporting requirements under local and international laws. Failure to respond may lead to certain reporting requirements applying to the account. This performance fee estimate is not a representation of likely future performance. The actual performance fee and therefore the total management cost will depend on the performance of the relevant investment managers and is likely to vary from this estimate.

For more information For more information, talk to your financial planner or contact BT Customer Relations on between 8. It is subject to investment risk, including possible delays in repayment of withdrawal proceeds and the loss of income and principal invested. The Bank is not the issuer of any Investment Option.

Neither the Bank nor any other company in the Westpac Group stands behind or otherwise guarantees the capital value or investment performance of any Investment Option offered in the PDS.

Improving disclosure RG , which is aimed at helping investors understand and assess hedge funds. The performance hurdle for BT External Australian Shares 14 relating to the Ausbil Australian Emerging Leaders investment option has changed as a result of a change by the underlying fund manager.

Accordingly, the 'Performance hurdle' section of the Performance fee table on page 73 of the PDS is replaced with the following:. The change in name is a result of a change in name of the underlying investment manager. As a result of this change, there is no change to the investment objective, investment strategy, investment manager or distribution frequency for this Investment Option. Instead, the losses can generally be offset against future income or gains of the Investment Option, subject to the Investment Option passing certain tests.

Effective 2 April , disclosure has been amended for this Investment Option. Effective 29 September , disclosure has been amended for this Investment Option. Accordingly, the following replaces footnote 6 related to this Investment Option on page 31 of the PDS.

Currency hedges may be used from time to time. The Asset allocation neutral position NP and ranges have been updated as shown below. The change in name provides a more accurate description of the underlying investments of this Investment Option. BlackRock Wholesale Balanced Fund. BT Wholesale Imputation Fund. Celeste Australian Small Companies Fund.

Challenger Guaranteed Income Fund - 7. Charter Hall Direct Property Fund. Charter Hall Umbrella Fund. Fidelity Australian Equities Fund. Howard Wholesale Mortgage Fund. Hunter Hall Value Growth Trust. Investors Mutual Australian Share Fund.

Investors Mutual Industrial Share Fund. Legg Mason Diversified Trust. Macquarie Australian Fixed Interest Fund. Macquarie Income Opportunities Fund. Macquarie Master Balanced Fund. Macquarie Master Capital Stable Fund. Onepath Tax Effective Income Trust.

OnePath Wholesale Balanced Trust. Pengana Emerging Companies Fund. Perennial Fixed Interest Wholesale Trust. Perennial Value Shares Wholesale Trust. Perpetual Wholesale Australian Fund. Perpetual Wholesale Balanced Growth Fund. Perpetual Wholesale Diversified Income Fund. Perpetual Wholesale Geared Australian Fund. Perpetual Wholesale Industrial Fund.